Zinc Trend Today Technical Analysis for 04-12-2019 13:00:04

by wealthmann

December 4, 2019

25

In 1 hour chart Zinc price continues to trade at 181.85 and below the (Exponential Moving Average)EMA200 value of 187.25 and keeps its stability below until now, while 1 hour MACD Of 12,26,9 is in Buy mode. Therefore, we will keep our Sell overview conditioned by the price stability below

However, if Zinc continues to trade below level, that could be an extraordinarily Bearish sign for Zinc

Even so, the 200-candle Exponential moving average (EMA) price range of 187.25 is proving a tough nut to crack.

Pivot (invalidation): 181.65

Our preference: Long positions above 182.75

Alternative scenario: Below 180.5 look for further downside.

Support Resistance Levels For Zinc Today at 04-12-2019 13:00:04

Pivot: 181.65

Resistance 1: 182.75

Resistance 2: 183.9

Resistance 3: 185

Support 1: 180.5

Support 2: 179.4

Support 3: 178.25

Yesterday High Low Close For Zinc

Yesterday High: 182.8

Yesterday Low: 180.55

Yesterday Close: 181.6

Today at 04-12-2019 13:00:04 Zinc trading at 181.85 with high of 182.4 and low of 181.85